In an effort to get rid of debt, you might decide to start with what seems to be the easiest plan – you are going to simply pay down your debts. Not only is that a difficult way to go, it often feels hopeless. But there is great news. There is one method that has been used by lots of families with great success: Dave Ramsey’s Debt Snowball Method.
This method is very simple, and one of the quickest ways to get out of debt. :
As you begin to get rid of your debt,your snowball (payment amount) is building and gaining momentum. As you pay off the small debts, you are encouraged to keep going. Before you know it – you will have paid off all your debt.
For more information, visit DaveRamsey.com